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Learning path

Money sense: from pocket money to the books of a business

Budgets, banks and interest first, then the accounting and Excel behind a business.

Who it is for
Teenagers, commerce students and anyone starting a small business
Where it ends
Run a budget, understand interest, EMIs and scams, keep simple books, and read a business’s accounts in Excel.
Stages
4 courses, in this order

About this path

Money sense grows in steps: first your own money (a budget, saving, a bank account, the real cost of borrowing), then the books of a business (journal, ledger, trial balance, GST), then the spreadsheet that shows what the numbers mean.

Your centre gives the schedule for each course.

Your centre gives the schedule for each stage. This page does not quote durations or fees.

The stages, in order

  1. Stage 1: Financial literacy for teenagers

    Your own money first: needs and wants, budgets, saving, UPI, interest, EMIs and scams.

    After this stage you can

    • Make and track a monthly budget and set a savings goal
    • Use a bank account, ATM, debit card and UPI, and keep them safe
    • Work out simple and compound interest and the real cost of an EMI

    Free ebooks for this stage

  2. Stage 2: Basic accounting and bookkeeping

    The books of a business: the golden rules, journal, ledger, cash book, trial balance and final accounts.

    After this stage you can

    • Apply the accounting equation and the golden rules
    • Write journal entries, post them to ledgers and prepare a trial balance
    • Prepare simple final accounts, a bank reconciliation and depreciation

    Free ebooks for this stage

  3. Stage 3: MS Office

    Excel for the records, Word for the letters and invoices.

    After this stage you can

    • Use formulas, SUM, IF and VLOOKUP and sort and filter data
    • Turn data into a chart
    • Format and print a letter or an invoice

    Free ebooks for this stage

  4. Stage 4: Advanced Excel and data analysis

    Reading the numbers: lookups, SUMIFS, pivot tables, what-if analysis and a dashboard.

    After this stage you can

    • Summarise sales and expenses with SUMIFS and a pivot table
    • Use Goal Seek and scenarios to test a plan
    • Lay out a simple dashboard that updates itself

    Free ebooks for this stage

Ready to start?

Tell the head office where you are now and they will suggest the first stage and the nearest centre.

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